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June 03, 2015 2:47 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Atlas Energy, L.P

Company Overview

Atlas Energy, L.P. develops and produces natural gas, crude oil, and natural gas liquids (NGLs) in basins across the United States. It also sponsors and manages tax-advantaged investment partnerships. In addition, the company is involved in the provision of natural gas gathering, processing, and treating services primarily in the Anandarko, Arkoma, and Permian Basins located in the southwestern and mid-continent regions of the United States and in the Eagle Ford Shale play in south Texas of the United States; natural gas gathering services in the Appalachian Basin in the northeastern region of the United States; and NGLs transportation services in the Southwestern region of the United States...

Park Place Corporate Center One

1000 Commerce Drive

Suite 400

Pittsburgh, PA 15275

United States

1,152 Employees

Phone:

412-489-0006

Key Executives for Atlas Energy, L.P

Chief Executive Officer of Atlas Energy GP, LLC, President of Atlas Energy GP, LLC, Director of Atlas Energy GP, LLC and Member of Executive Committee
Age: 75
Executive Chairman of Atlas Energy GP, LLC and Chairman of Executive Committee
Age: 43
Chief Financial Officer of Atlas Energy GP, LLC
Age: 42
Chief Executive Officer of Atlas Resource Partners, LP and President of Atlas Energy Group, LLC
Age: 37
President of Atlas Resource Partners, LPand Senior Vice President of Atlas Energy Group
Age: 51
Compensation as of Fiscal Year 2014.

Atlas Energy, L.P Key Developments

Atlas Energy, L.P, Special/Extraordinary Shareholders Meeting, Feb 20, 2015

Atlas Energy, L.P, Special/Extraordinary Shareholders Meeting, Feb 20, 2015. Agenda: To approve the merger agreement in connection with the Atlas Energy, L.P. (ATLS) merger.

Atlas Energy, L.P Declares Quarterly Distribution, Payable on February 19, 2015

Atlas Energy, L.P. declared a quarterly distribution for the fourth quarter 2014 of $0.52 per common unit. The fourth quarter 2014 distribution is payable February 19, 2015 to holders of record as of February 9, 2015.

Atlas Energy, L.P Reports Unaudited Consolidated and Parent Earnings Results and Unaudited Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides CapEx Guidance for the Fourth Quarter of 2014

Atlas Energy, L.P reported unaudited consolidated and parent earnings results and unaudited production results for the third quarter and nine months ended September 30, 2014. For the quarter, on consolidated basis total revenues were $963,980,000 against $649,989,000 a year ago. Operating income was $75,301,000 against operating loss of $41,189,000 a year ago. Net income before tax was $30,890,000 against $80,363,000 a year ago. The company reported net loss attributable to limited partners of $9,085,000 or $0.18 per basic and diluted share compared to net loss attributable to limited partners of $27,524,000 or $0.54 per basic and diluted share for the prior year comparable period. Adjusted EBITDA was $32,305,000 compared to $25,739,000 reported a year ago. Maintenance capital expenditures were $300 million against $200 million a year ago. Total capital expenditures were approximately $56 million for the third quarter, including approximately $22.5 million associated with maintenance capital, compared with approximately $55 million of total CapEx, including approximately $13 million of maintenance CapEx for the sequential quarter. For the nine months, on consolidated basis total revenues were $2,676,169,000 against $1,815,886,000 a year ago. Operating income was $110,530,000 against operating loss of $5,274,000 a year ago. Net income before tax was $30,860,000 against net loss before tax was $127,283,000 a year ago. The company reported net income attributable to limited partners of $33,033,000 or $0.64 per basic and diluted share compared to $48,367,000 or $0.94 per basic and diluted share for the prior year comparable period. Adjusted EBITDA was $88,251,000 compared to $63,130,000 reported a year ago. Maintenance capital expenditures were $900 million against $200 million a year ago. Total net debt was $3,207,572 as at September 30, 2013. For the quarter, on company basis, the company reported total revenue of $4,879,000, operating loss of $14,383,000, loss before income tax of $18,936,000, net loss of $18,936,000 compared to total revenue of $2,990,000, operating loss of $10,867,000, loss before income tax of $14,285,000, net loss of $14,285,000 a year ago. For the nine months, on company basis, the company reported total revenue of $16,962,000, operating loss of $40,828,000, loss before income tax of $54,338,000, net loss of $54,338,000 compared to total revenue of $3,242,000, operating loss of $28,119,000, loss before income tax of $32,214,000, net loss of $32,214,000 a year ago. For the quarter, the company reported production of 12,503 Mcfd of natural gas, 111 Bpd of oil, 104 Bpd of natural gas liquids compared to 8,250 Mcfd of natural gas a year ago. For the nine months, the company reported production of 12,216 Mcfd of natural gas, 121 Bpd of oil, 85 Bpd of natural gas liquids compared to 2,780 Mcfd of natural gas a year ago. For the fourth quarter of 2014, the company expects maintenance capital expenditures to be approximately $20 million in the aggregate.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 13, 2014
Atlas Pipeline Partners, L.P.
Merger/Acquisition
October 13, 2014
--
Spin-Off/Split-Off
October 13, 2014
Atlas Energy Group, LLC
 

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